Huge congrats to my good friend and co worker @rvogel27 on the success of the 1st annual Miami Beach Concours @miamibeachconcours 🙌 #miamibeachconcours #amazingevent • pictured is Preston Henn’s PRICELESS 1965 275 Competizione Specialè LE MANS winner being judged with Ronnie standing by 👍🇮🇹 #ferrari #275gtb #competizionespeciale #prestonhenn
Preston Henn, a millionaire racing aficionado, died at age 86 last week, and he left behind his 1964 Ferrari 275 GTB/C Speciale. If it were to go up for auction, its sale could surpass the $100 million mark, Bloomberg reports.
The highly coveted car was designed by the Italian firm Pininfarina, the same manufacturer behind some of the most desired Ferraris and Alfa Romeos in the world. When this car went into production, Ferrari had only just become a public corporation. Cherry red versions of the 275 GTB are currently worth around $2.4 million.
In 1965, Henn’s Ferrari won the 24 Hours of Le Mans, the world’s oldest active sports car race for endurance racing, which began in 1923. Around 10 years ago, Henn even turned down a €35-40 million offer from a Japanese collector, according to Ron Vogel, a former friend and racing buddy of Henn’s.
Vogel also shared that Henn repeatedly turned down Ferrari’s offers to show his car at their museum in Maranello, Italy. Fiat Chrysler once rejected Henn’s bid to buy a LaFerrari Aperta, which led Henn to sue the company for defamation, only to drop the suit by claiming to Road & Track, “It ain’t [about] the fucking car.” Henn was very attached to his automobile, Vogel said, “That was his crown jewel. At one point he said he wanted to be buried in it.”
Considering the fact that there are only two other 1964 Ferrari 275 GTB/C Speciale cars in existence, it comes as no surprise that at an auction in 2014, one of them sold for $29.4 million. The vice president of valuation for the Hagerty Group, Brian Rabold, estimates that Henn’s Speciale could go for anywhere from $50 million to $75 million.
Rabold added, “But there could be someone that surprises. This is a once-in-a-lifetime opportunity, and I’m certain there are people who have long been interested in this car.” However, Preston Henn told Autoweek before he passed that he made sure his Ferrari will stay on display at his Swap Shop, a flea market and drive-in movie theater complex in Fort Lauderdale. Currently, the cinema is fittingly showing The Fate of the Furious.